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US interest rates, border control in Egypt, dire situation in Gaza, competition for EV plants in the US, increasing foreign investment in US EV industry, potential effects of Inflation Reduction Act on EV manufacturing in the US
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- The US Federal Reserve is holding interest rates steady due to concerns about uncertainties and risks in the economy.
- Foreign investment in electric vehicles in the US southeast is growing rapidly, driven by loose labor laws and state tax incentives, but concerns are raised over the lack of unionization.
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Federal Reserve Keeps Interest Rates Steady
In the latest meeting, the U.S. Federal Reserve decided to hold interest rates steady for the second time in a row. Chair Jay Powell emphasized the need for caution due to uncertainties and risks in the economy. With a strong labor market and robust GDP growth, concerns about stubborn inflation are keeping Powell up at night.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode